| Commentary

57 Relief granted by the court

| Commentary

57 Relief granted by the court

A director who is being sued for negligence, default1, breach of duty or breach of trust may be relieved from his liability, either wholly or in part, if the court finds that he acted honestly and reasonably and that, having regard to all the circumstances of the case, including those connected with his appointment, he ought fairly to be excused2. Any director who fears that a claim relating to his conduct may be brought against him need not wait for those proceedings to be commenced, but may instead initiate a

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